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U.S., Chinese Officials Named to Key IMF Posts

By

Sudeep Reddy

July 13, 2011

WASHINGTON—The International Monetary Fund said Tuesday it would install White House aide David Lipton as its No. 2 official and elevate Zhu Min of China to a newly created deputy managing director post.

The appointments by new IMF managing director Christine Lagarde—who took over last week after serving as France's finance minister—maintain the longstanding arrangement in which a European fills the top post and an American takes the...